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Bilt Rewards, which only just launched its travel portal with Expedia last week, has another big partnership out already with Amazon.com.
Bilt is the loyalty program for renters, that even homeowners can really benefit from – I have their Bilt Mastercard and while I don’t take advantage of earning 1 point per dollar paying rent with no fee since I don’ rent, I love that it’s a no annual fee card that earns 3 points on dining and two points on travel and has great partners.
They’re offering 250 points just for linking a Bilt Mastercard account with your Amazon account, and another 250 bonus points with your first transaction redeeming Bilt points. You can redeem Bilt Rewards points at Amazon for $0.007 in value each. Here Bilt joins American Express, Citibank, Capital One, Chase, and Hilton Honors with Amazon redemption options.
This isn’t how I’m going to redeem my points, but I’m going to link my account, and I’m impressed they’ve rolled this out so quickly. Here’s (3) key takeaways for how you should think about the offer,
- More options are better. The ability to redeem points at Amazon doesn’t take away from anything else you can do with Bilt points, so it’s a net plus to the program.
- Free points are great. You should link your account because they’re giving you a limited time bonus for doing so, no purchase required. They’ve given away a bunch of free points and indeed give you points for linking your airline and hotel loyalty accounts of Bilt partner programs.
- Bilt points are too valuable so please don’t spend your points this way. They’re transfer partners are great – none of Chase, American Express, Citibank, or Capital One have both American Airlines and United for transfers, plus Bilt has Hyatt and Aeroplan, Air France and Turkish (among others) and a travel portal where points are worth 1.25 cents apiece.
Perhaps most important is what this partnership means for Bilt, and why it supports the value of their points even if it’s not an option I’d take advantage of.
- When I compared the value of transferable currencies most recently I suggested that Bilt’s transfer partners stacked up well against the best of the competition, and their points should be at least as valuable or even more valuable than other transferable card programs.
- But they were still new and hadn’t proven themselves yet. Chase has a track record of spending hundreds of millions of dollars more than they’d planned in order to defend the value of their transferable points.
Bilt has come a long way now that they not only keep adding transfer partners and redemption options but (1) have Wells Fargo backing as their card issuer, (2) have partnered with Expedia, and (3) also now with Amazon. They’ve gone from program launch to the big leagues in just one year.
[…] With these great options – they have American and United as well as Hyatt as well as unique high value partners like Turkish – please don’t redeem your Bilt points with Amazon. […]